OFFICE DESCRIPTION

SEYCHELLES ABOUT APPLEBY

APPLEBY IS ONE OF THE WORLD’S LEADING INTERNATIONAL LAW FIRMS. OUR GLOBAL TEAMS OF LEGAL SPECIALISTS ADVISE PUBLIC AND PRIVATE COMPANIES, FINANCIAL “Appleby is a firm INSTITUTIONS AND PRIVATE INDIVIDUALS. that you can put your complete trust in to We are regularly recognised for our professionalism, integrity and excellence, find a solution” and these are the values we pride ourselves on and are at the core of our business. - Legal 500

We are a full service law firm providing comprehensive, expert advice and services across Corporate, Dispute Resolution, Property, Regulatory and Private Client and Trusts practice areas. We work with our clients to achieve practical solutions whether from a single location or across multiple jurisdictions.

Through Appleby Global Services, Appleby provides a range of administration, reporting and fiduciary services focused on corporate structures. Our dedicated teams of experienced professionals work closely with our legal specialists to provide our clients with an integrated legal and corporate administration “A respected firm offering. with an unparalleled global network” We have offices in ten highly regarded, well-regulated global locations, operating in nine and practicing the laws of eight jurisdictions. Our office - Chambers & Partners locations include the key international jurisdictions of , the , the , , , , , and the , as well as the international financial centres of Hong Kong and Shanghai.

Our global presence enables us to provide comprehensive, multi-jurisdictional legal advice at the times most beneficial to our clients.

2 Seychelles Office Description OVERVIEW

ABOUT THE SEYCHELLES

THE REPUBLIC OF SEYCHELLES OFFICE FOCUSES ON INVESTMENT INTO EMERGING AFRICAN, INDIAN AND ASIAN MARKETS THROUGH GENERAL CORPORATE WORK FOR INTERNATIONAL CLIENTS. “Our two offices in the Indian Ocean Institutional clients in North America, Europe and Asia are increasingly looking for offer unique access efficient investment structures created through well placed, independent sovereign to emerging African, countries. Our presence in this fast growing jurisdiction complements our on-the-ground Indian and Asian presence in the Republic of Mauritius. markets markets and reinforces Our entry into this market further builds our strength and depth across multiple Appleby’s position jurisdictions, providing greater resources and choice for our clients. Our two offices in as the first choice the Indian Ocean offer unique access to emerging African, Indian and Asian markets for clients in the markets and reinforces Appleby’s position as the first choice for clients in the offshore offshore sector sector seeking to invest into such emerging markets. seeking to invest into such emerging Our clients are diverse, ranging from banks and state owned enterprises, to investment markets” funds, listed companies and high-net-worth individuals. They come to us for help and advice that reaches across more than ten offshore jurisdictions. We provide expert advice that is delivered in a timely and commercially minded way, and is always set in the context of understanding how to do business in India, Asia or Africa.

Our legal practices have consistently earned top-tier ranking in leading publications such as Chambers Global, Legal 500 and IFLR 1000.

We offer, local, regional and international services in the Seychelles through a one-firm approach. Our clients can access advice in their relevant time-zones and also benefit from the skills and expertise of people across our global network. Our lawyers in the Seychelles are fluent in English and French.

3 Seychelles Office Description applebyglobal.com LEGAL SERVICES

Our lawyers advise on all aspects of Seychelles law. This includes the establishment of investment funds, special purpose vehicles and structured finance, insurance companies and insurance products, securitisation, corporate matters, financing transactions and public and private holding companies. Our team can also facilitate the provision of legal advice in Bermuda, the British Virgin Islands, the Cayman Islands, Guernsey, the Isle of Man, Jersey and Mauritius. “We have a We also have a growing private client and trust practice in Seychelles. dedicated client relationship programme with AREAS OF PRACTICE our counterparts in the leading onshore • Banking & Asset Finance firms”

• Commercial Dispute Resolution

• Corporate Finance

• Energy & Resources

• Funds Disputes

• Funds & Investment Services

• Insolvency & Restructuring

• Insurance

• Insurance & Reinsurance Dispute Resolution

• Islamic Finance

• Private Client & Trusts

• Property & Construction Litigation

• Segregated Portfolio Structures

• Structured Finance

• Trust & Estate Litigation

4 Seychelles Office Description applebyglobal.com REPRESENTATIVE WORK

CHINA INVESTMENT BATELCO GROUP CORPORATION CONSORTIUM OF BANKS

Acted as Seychelles counsel to the Acted as Seychelles counsel to the Acted as Seychelles counsel to a Batelco Group, Bahrain’s state- leading sovereign fund China Investment consortium of banks in connection with controlled telecommunications operator, Corporation (CIC) in connection with a a USD 600 million loan to Indonesian in the USD 680 million acquisition of USD 1.9 billion loan to Indonesian miner miner PT Bumi Resources Tbk (Bumi), various companies comprising the PT Bumi Resources Tbk whereby CIC for the pre-payment of part of its USD Monaco & Islands division of Cable & received an annual coupon of 12% on 1.9 billion six year loan from the leading Wireless Communications and a 25% the loan. The investment is expected to sovereign Chinese wealth fund, China shareholding in Compagnie Monagesque bring an internal rate of return of 19%. Investment Corporation. [WC 45] de Communications SAM. [WC 52]

CREDIT SUISSE AG, SINGAPORE BRANCH & PT THAI UNION FROZEN PT BERAU COAL ENERGY RECAPITAL ADVISORS PRODUCTS PLC TBK

Acted as Seychelles counsel to Credit Acted as Seychelles counsel to Thai Acted as Seychelles counsel to PT Suisse AG, Singapore Branch & PT Union Frozen Products Plc (TUF) on Berau Coal Energy Tbk in connection Recapital Advisors in connection with its EUR 466 million acquisition of MW with the issuance of its USD 500 million a USD 300 million loan to Bukit Mutiara Brands Holdings SAS, following which PT Berau Coal Energy Tbk 7.25% (PT Recapital Advisors’ special purpose the TUF/MWBrands Group became the Guaranteed Senior Secured Notes (due vehicle) as part of a USD 1.48 billion largest canned tuna producer in the 2017) in March 2012 in the 144a private acquisition of 90% interest in PT Berau world. placement market. Bank of America Coal, Indonesia’s fifth biggest coal Merrill Lynch, Credit Suisse and J.P. company. Morgan were the joint bookrunners for the sale.

STANDARD CHARTERED TELEFLEX INCORPORATED BANK - DBS BANK LTD VTB CAPITAL PLC

Advised Teleflex Incorporated (Teleflex) Acted as Seychelles counsel to Standard Acted as Seychelles counsel to VTB in connection with the acquisition of Chartered Bank and DBS Bank Ltd in Capital Plc in connection with a USD 25 substantially all the assets of LMA connection with a USD 108 million loan million to the TAS Group, which holds International N.V. (LMA) (a global market to SGX-ST listed C2O Holdings Ltd for substantial investments in companies leader in laryngeal masks) for SGD the acquisition of 100% of the shares in Ukrainian industrial sector that 343.5 million in cash (approximately USD in SGX-ST listed Swissco International specialize in manufacture of rail cars, 276 million). The acquisition expanded Limited, pursuant to a scheme of steel casting parts and components for Teleflex’s anesthesia franchise, with arrangement undertaken by Swissco rolling stock. Teleflex gaining a worldwide market International Limited. leading position for this offering.

5 Seychelles Office Description applebyglobal.com KEY CONTACTS

MALCOLM MOLLER Group Managing Partner Managing Partner Corporate +230 203 4300 +248 429 5281 [email protected]

Suite 202 2nd Floor, Eden Plaza Eden Island PO Box 1352 Mahe Seychelles

T: +248 429 5281 E: [email protected]

This publication is for general guidance only and does not constitute definitive advice.

© Appleby Global Group Services Limited 2020.

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